Uniswap (UNI) announced that it has deployed v2, v3, v4and UniswapX on the Robinhood channel. This is a layer 2 built by Robinhood Crypto, with Uniswap serving as the automated market maker (AMM).
The launch is geared towards programmatic, automated and AI-based ecosystems. This news helped UNI token prices climb 14.2% over the past 24 hours, and the daily trading volume increased by 81%.
The broader crypto market has made a 2.3% rebound over the past 24 hours, helping to strengthen UNI sentiment in the short term. How far can this rebound go?
The pessimistic long-term view
On the 1 week chartthe importance of $4 as a support has been clearly indicated. This level had been defended from June 2022 to January 2026.
Since then, the price of the DEX governance token has fallen below this support and retested it twice as resistance. Uniswap’s latest price dropped to a low of $2,316carried out at the beginning of June, highlighted the long-term bearish bias.
A set of Fibonacci retracement levels were plotted using this downward move. The current rebound was taking place within a bearish swing structure. Although the RSI managed to rise above neutral 50the OBV could not approach the peaks reached in mid-June.
This indicates short-term bullish momentum but a lack of sustained buying pressure amid a long-term downtrend.
Trader Call to Action – Sell the Bounce
The liquidation card showed greater short-term cumulative liquidation leverage, accumulated in overhead, up to $3.52. With a few groups of highly leveraged short positions, the price moves towards $3.5 seems more likely in the near term based on the chart above.
If Bitcoin (BTC) does not see a rapid sell-off in the coming days, there is a chance that UNI will rebound towards $3.5.
Traders can use such a bounce to sell the token, although a move towards the 78.6% retracement level at $3.77 cannot be excluded. Overall, swing traders can maintain their bearish bias until $4.17 the high swing is broken.
Final summary
- The Robinhood-Uniswap collaboration announcement, alongside a wave of respite in the broader crypto market, gave way to a UNI rally.
- The long-term price trend of Uniswap was strongly bearish, and the current rebound was only a minor movement in this downward trend.
